Insulated Flex Garage
New
For Sale
$285,000
341 1st Street #E13, Mead, CO 80542
Commercially zoned unit with radiant heat, secure fencing, and garage access for adaptable workspace or storage use.
Property Size1,000 SF
Days on Market2
Property Features for 341 1st Street #E13
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$4,000
Building Details
Building Size
1,000 SF
Year Built
2023
Listing Agency:
Remax Nexus
(970) 295-4760
Listed By:
Abby Renner · License #40029855
(970) 295-4760
Source:
Coloradopartners
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Nexus
Investment Insights
Based on property information with market context.
This 1,000-square-foot flex unit is configured as a 20-by-50-foot commercial garage condominium in Building G, Phase 1. Built in 2023, the space features full insulation, radiant heat, a 14-foot garage door with opener, and 220 w/100 amp service. The property is situated within a secured, fenced site and carries COMMERCIAL zoning.
Shared site amenities include a fresh water station, RV dump, and wash bay. The unit is approximately one mile from I-25, supporting convenient regional access. Custom options include vehicle lifts, a bathroom, epoxy flooring, a 300-square-foot mezzanine, cabinets, and counters; these are offered as selectable improvements rather than identified existing features.
Shared site amenities include a fresh water station, RV dump, and wash bay. The unit is approximately one mile from I-25, supporting convenient regional access. Custom options include vehicle lifts, a bathroom, epoxy flooring, a 300-square-foot mezzanine, cabinets, and counters; these are offered as selectable improvements rather than identified existing features.
Key Highlights
- 1,000‑square‑foot flex unit in Building G, Phase 1
- 20‑by‑50‑foot commercial garage condominium configuration
- 14‑foot garage door with opener and 220 w/100 amp service
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.3k | $14.28 |
| − Vacancy | −$1.2k | −$1.16 |
| EGI | $13.1k | $13.12 |
| − OpEx | −$2.0k | −$1.97 |
| NOI | $11.2k | $11.15 |
1,000 SF · lease $14.28/SF/yr · vacancy 8.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$159.4K
$139.4K – $185.9K
NOI $11,155 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$127.4K
$111.5K – $148.6K
NOI $8,916 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office B
$182.3K
$159.5K – $212.6K
NOI $12,758 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80542, CO
4,841
Population
1,778
Households
2.7
Avg Household Size
40
Median Age
52%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
526
Density / Sq Mi
$127,500
Median Household Income
$58,578
Median Earnings
$2,694
Median Rent
$590,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned unit with radiant heat, secure fencing, and garage access for adaptable workspace or storage use.
Where is this flex space located?
The property is located at 341 1st Street #E13 Mead, CO.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,000‑square‑foot flex unit in Building G, Phase 1; 20‑by‑50‑foot commercial garage condominium configuration; 14‑foot garage door with opener and 220 w/100 amp service
